Seems that VCs, with no exits in sight and starved of fresh investor capital, have found a new hobby - poker. No kidding, the CVCA will shortly host a poker tournament for its members. OK, so it's just entertainment but organised by such a national industry association has the potential to be perceived poorly. Loss-suffering investors and job-fearing entrepreneurs might perhaps wonder why talented VCs don't have their sleeves rolled-up helping portfolio companies survive nevermind excel in these economically troubled times. As for encouraging VCs to gamble, the mind boggles ...
Surely, surely, surely there must a better reason for a national VC
body to gather its members? - especially with a recession looming and some portfolio companies sheer existence in question.
Cigar anyone?
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